DS Constructions Ltd ties up with Flughafen Munchen GmbH

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DS Constructions Ltd., a pioneer in PPP infrastructure development and engineering construction in India, today announced that it has tied up with Flughafen Munchen GmbH (FMG) - Munich Airport International, which is ranked as the World's No. 3 Airport, to bid for the restructuring & modernisation of Airports announced by the Government of India. Under the agreement, the consortium, under the name of 'Indian Gateway Airports', will jointly participate in the bidding for the Airports that have been identified by the Government of India. The consortium will form a Special Purpose Vehicle to undertake the work on the project, if awarded. DSCL will be the lead member of the consortium holding an 80% stake, while the balance 20% will be held by FMG.

 

FMG besides doing the master planning will provide the services related to Management and Operations and the related Aeronautical and Non - Aeronautical Services and Environment Management while DSCL will be responsible for Infrastructure Development and Construction.

 

Speaking on the occasion, Mr. Norbert Reigl, Head of International Projects, Flughafen Munchen GmbH, said, "The aviation sector in India is on an upswing and has immense potential that is yet to be unleashed. Moreover, with the Government of India deciding to restructure and modernize various airports in the country, we feel that this is an attractive market for us. We have decided to form a consortium with D S Constructions Ltd., a leading infrastructure developer in India, to jointly participate in the said projects. DSCL's local experience, expertise and proven track record in infrastructure creation combined with our experience in airport planning, management and operations we are very confident of being part of the restructure and modernization initiative of the Government of India."

 

Mr. N D Mehra, Director, DSCL added, "We, as the lead member, had bid for the Privatization of Mumbai and Delhi Airports as Consortium along with Munich Airport. The DSC-Munich Consortium along with GMR-Fraport and Reliance-Mexico were the only three consortiums that finally technically qualified for both the Delhi and the Mumbai Airports amongst various other global consortiums. We have been keenly following the developments in this direction and are keen to bid for the Airports in India."

 

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